Analysts Set Equinor ASA (NYSE:EQNR) Target Price at $41.20

Equinor ASA (NYSE:EQNR) has been given an average recommendation of “Hold” by the fourteen research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $41.20.

A number of equities research analysts recently commented on EQNR shares. DZ Bank upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Pareto Securities downgraded Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $40.40 price objective on the stock in a research note on Tuesday, March 24th. Weiss Ratings raised Equinor ASA from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Finally, UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Friday, March 20th.

Institutional Trading of Equinor ASA

A number of large investors have recently added to or reduced their stakes in the company. Blair William & Co. IL increased its stake in Equinor ASA by 2.7% in the 4th quarter. Blair William & Co. IL now owns 14,837 shares of the company’s stock worth $351,000 after acquiring an additional 389 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Equinor ASA by 1.2% during the third quarter. PNC Financial Services Group Inc. now owns 37,331 shares of the company’s stock valued at $910,000 after purchasing an additional 428 shares during the period. National Bank of Canada FI raised its position in Equinor ASA by 1.1% during the third quarter. National Bank of Canada FI now owns 39,045 shares of the company’s stock valued at $952,000 after purchasing an additional 437 shares during the period. GAMMA Investing LLC raised its position in Equinor ASA by 7.8% during the fourth quarter. GAMMA Investing LLC now owns 6,148 shares of the company’s stock valued at $145,000 after purchasing an additional 445 shares during the period. Finally, US Bancorp DE raised its position in Equinor ASA by 0.9% during the third quarter. US Bancorp DE now owns 54,010 shares of the company’s stock valued at $1,317,000 after purchasing an additional 472 shares during the period. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Performance

NYSE EQNR opened at $37.49 on Friday. The firm has a market cap of $110.41 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 1.06 and a beta of 0.03. The company has a quick ratio of 1.12, a current ratio of 1.24 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average price of $38.56 and a 200-day moving average price of $31.46. Equinor ASA has a twelve month low of $22.26 and a twelve month high of $43.46.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.47. The firm had revenue of $28.40 billion during the quarter, compared to analyst estimates of $28.73 billion. Equinor ASA had a return on equity of 20.01% and a net margin of 5.30%. As a group, equities research analysts predict that Equinor ASA will post 5.19 EPS for the current fiscal year.

Equinor ASA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Friday, August 14th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a yield of 4.2%. Equinor ASA’s payout ratio is presently 58.72%.

Equinor ASA Company Profile

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.